All Blog Posts Tagged 'USD' (984)

Monday’s minor net gains were overturned yesterday. But the resulting downside was still muted – keeping prices near the bottom of a negative Keltner channel but without threatening Friday’s bullish Hammer pattern. This price action does not supply strong signals for sentiment but, despite Asian gains, 3cA studies are left negative for this morning with potential through 1.1561 to 1.1540 or even towards 1.1493. The risk is above 1.1642.…

Yesterday's price action resulting in limited downside- a 3rd such day in a row. This kept prices near the base of the Keltner channel and selling pressure has extended in Asia. Oversold extremes are a growing concern and a reaction to the Asian move may well be seen but sentiment is negative targeting 1.5058 and 1.5035.…

EUR continues to loose price against the Dollar. The price dropped to 1.1460 and then we had some 100 pips pullback. Currently the pair attempts to recover further using the profit taking from SHORT ahead of ECB later this week. We shall have also Germany's ZEW economic sentiment and Eurozone PMI which are expected to be better than previous so this may help the EUR to climb up to 1.1760 and even to test 1.2040 again. All indicators are bearish below 1.1570. First downside target is 1.1510…

Early gains Thursday failed close to 1.2000 but the key factor is that the powerful subsequent decline of almost 2 big figures was equally aggressively reversed into the close. This rejection of levels beneath the 13 day moving average emphasises the relevance of the positive Keltner channel and we look for the upside to continue to develop towards 1.2018 and 1.2042.…

Tuesday’s rejection of the downside extended yesterday. The upside was not extensive but these gradual counter trend gains are now supported by intraday momentum and strength indicators (RSI) and there is scope, in our assessment, for the medium term trend defining 13 day moving average to be tested.

This comes in at 1.5291 with interim levels at 1.5251 and 1.5270. Only below 1.5171 negates this scenario.…

There was limited net movement in EURUSD yesterday. Both overnight highs and subsequent lows were rejected and the market continued to consolidate after 4 negative weekly performances. This price action does not provide strong signals for sentiment but despite the underlying tone remaining negative, intraday studies are more positive with scope to 1.1872 and 1.1897.…

This year has begun as last year ended – with CABLE being sold to lower levels. Last week's decline was the 4th in a row, continuing to track the lower end of the daily/weekly Keltner channels and reaching the most negative prices for 18 months. This underlying bias will remain the backdrop but failure to maintain the lows and Friday’s profit taking gains from oversold extremes is likely to influence early price action. Therefore, our call is modestly Bearish with a rally near to…

Last week EUR recorded a new low at 1.1754 and that was the fourth week in a row with a negative close. Weekly and Daily indicators are bearish, but the H4 ones show some signs of correction. Today we do not have any important economic data and the market calmed down after the stormy beginning of the year. Now everybody is waiting for Greece's elections on 25th of January. until then EUR will remain under a continuous downside pressure and any recovery will be limited. Currently the Daily…

Against a background of bullish signals for sentiment for this week, the week began with demand in Asia. Those highs, despite being retested in European price action, were not maintained although prices continue to track the upper end of a rising Keltner channel. This price action leaves intraday signals for sentiment mildly negative with potential to 1.1707 and 1.1693.…

EUR dropped heavily with today's open and started this week with a huge gap lower. Seems that EU economy is quite more worse than mr. Draghi and other financial ministers keep trying the whole 2014 to convince us. Now the politics take part in the game trying desperate to save the EU economy. mrs.Merkel says Greece may be kiked off the EU zone soon and this has turned the market into a strom field. It is good to know that such news throw the market into panic and economic data has no matter.…

EUR starts the last week of the year with hopes for some recovery to the upside. H1, H4 and Daily indicators show a process of weak recovery has started with first target between 1.2250-1.2300. Any H4 drop below 1.2185 will restore the downside move. Weekly indicators are still negative with target 1.2060 still unreached, this may happen in the beginning of 2015 but first we need to break below 1.2160.

GOLD is still blocked inside the Daily Ichimoku, we need to break above the…

Another week another fresh EUR low. The EU currency hit the 1.2220 resistance which is the Monthly SMA200 too. There are only a few trading days of 2014 and just one support standing - this is the area 1.2060-1.2080. Currently the pair is stongly bearish on all time frames an this state will remain until the price is below 1.2270 which is the first Daily resistance, the second one is 1.2320 and finally 1.2360-1.2385. Today is expected some worse data from Germany, and for the rest of the…

An aggressive sell-off in late trading proved temporary yesterday with the bounce taking prices back near to opening levels. This rally keeps USDCAD close to the upper band of a rising Keltner channel and although an almost unchanged close reflects uncertainty intraday momentum and strength indicators are positive targeting 1.1655, 1.1674 and 1.1695.…

There was limited net movement yesterday in USDCHF with both initial highs and subsequent lows rejected. But the failure to rally through the key 13 day moving average coupled with last week's Bearish Engulfing pattern keeps sentiment negative with potential to .9618 and .9595.…

The previous week's rejection of the lows extended last week. 4 of the last 5 days posted positive performances with the 13 day moving average supporting. This latest upside took USDCAD to the top of both daily & weekly Keltner channels, momentum is bullish and strength indicators positive and so although signals for sentiment are overbought there is no sign yet of anything other than temporary and limited profit taking and we look for gains to develop further with potential to 1.1628…

EUR is moving in a range since the end of last week between 1.2400 and 1.2485. Of course range is pretty wide and allows to use the strategy buy at the bottom and sell at the top as we have a strong resistance above 1.2500. I expect range trade to continue with bearish tone, i am not optimistic about the EUR recovery till the end of this month and year. Christmas is coming in 10 days and we may see a partly profit taking ahead of the holiday. Here are the resistance and support levels for…

EUR started the week below 1.2300 level. This week's target will be 1.2220 and below. However i expect the current downside to stop somewhere above 1.2100 and from there to start a massive recovery to the upside. All the things on Monthly may turn heavy EUR negative if next year EUR price drops below 1.2000. This if happens may push the price down to 1.1000 and even below. But let's now forget this scenario because it is a really long term one. This year's target will be somewhere above…

Against a background of bearish signals for sentiment for this week, the capping of the topside at the 13 day moving average proved important. Using that point as a cap, yesterday saw renewed selling pressure. Steady downside resulted and even though last week's low went untested and prices are approaching oversold extremes, the decline leaves sentiment negative targeting 1.2332 and 1.2289.…